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The June 2018 sales report is in, southern Utah Realtors sold 309 homes/condos.

MLS statistics from the Washington County Board of Realtors (WCBR) indicate June 2018 was another strong month for home sales in southern Utah. Categorized as either a single-family residential unit or a condominium/townhome, 180 of last month’s 309 closed escrow’s occurred less than 30 days.

St. George Utah – Between June 1 and June 30, 2018, Realtors with the Washington County Board successfully closed escrow on just over $113 million in real estate transactions.

Not accounting for the sale of vacant lots and land, commercial property, manufactured housing and fractional ownership, June’s MLS statistics provided by the WCBR Flex system, indicates the top sale in the last 30 days occurred in the subdivision of Westgate Hills for $2.95 million. On the MLS for a total of 130 days, the home was originally listed for sale on January 14, 2018 by Engel and Volkers St. George

Per the June 2018 WCBR sales statistics, the Average price of a home sold in southern Utah over the past 30 days was $366,517. Also, since June 1, the median list price for a home in southern Utah has been roughly $323,900, with those medium priced homes typically selling for approximately $319,900 – or $156 per square foot.

Southern Utah’s home buyers were quick to act during the month of June. More than half, 58.25 percent, of the single-family residential or condominium/townhome closing escrow in Washington County occurred within 30 days of being placed on the MLS.

Real estate listings that sold within the first 30 days received an average Sales Price to Original List Price ratio of 98.92 percent.

June 2018: Top Five Sold Real Estate Listings

List Price: $3,600,000 – Sold Price: $2,950,000 – Days on Market:130

List Price: $2,100,000 – Sold Price: $1,950,000 – Days on Market:123

List Price: $1,399,000 – Sold Price: $1,360,000 – Days on Market: 33

List Price $1,014,000 – Sold Price: $1,014,000 – Days on Market:209

List Price: $999,000 – Sold Price: $920,000 – Days on Market: 209

June 2018: Days on Market

180 southern Utah real estate listings sold in less than 30 days

56 southern Utah real estate listings sold in less than 60 days

33 southern Utah real estate listings sold in less than 90 days

14 southern Utah real estate listings sold in less than 120 days

26 southern Utah real estate listings sold in less than 121+ days

June Real Estate Activity for Washington County

On a year-over-year comparative basis, so far in 2018, active Realtors with southern Utah’s board have sold 2,617 total real estate listings. A 5.4 percent increase from 2017’s 2,483 closed escrows, June sales include 4 listings valued in excess of $1 million. So far in 2018, 29 homes valued between $1 million and $1,999,999 have successfully closed escrow.

June Real Estate Prices

June real estate statistics for St. George indicates the Active Average List Price in Washington County has continued to increase steadily since the beginning of the year to $505,256, representing 4.86 percent increase from June 2017. Meanwhile, over the past 12 months, the Average Sales Price for a home in the greater St. George area has increased to $334,603, which represents a 16.71 percent on a year-over-year basis.

The WCBR Market Summary for June 2018 indicates our absorption rate is just over 3.1 months. In other words, if no new listings were taken and placed on the Washington County Board of Realtors MLS system – our inventory would be depleted within approximately 3 months.

St. George Utah, June 2018, real estate absorption rate

The above information is presented as a courtesy of Alex Yeager @ 435MLS.com: Your southern Utah real estate expert for St. George and its surrounding communities. Specializing in southern Utah luxury real estate, new construction, gated communities and southern Utah’s many golf communities.

The March sales report shows it was another great month for real estate in southern Utah. Realtors in the greater St. George area sold 284 listings classified as either a single-family residential home or a condominium/townhome.

From Stone Cliff to Entrada, Realtors in southern Utah sold 32 single-family units over the past seven days. Classified as either a condominium/townhome or a single-family residential unit, these sales exclude any activity for vacant lots and land.

From Quail Cove to River Hollow … St. George Has 14 Open Houses Today

St. George, Utah – It’s Saturday, November 4th and according to the Washington County Board of Realtors MLS system, there are 14 open houses scheduled for today in southern Utah.

Southern Utah’s real estate market has continued to show strength while facing an inventory shortage over the past several months. Great news for southern Utah’s homeowners, this inventory shortage has helped those existing homes appreciate over the last 12 months.

As the local Washington County economy continues to show sustained growth, helping to keep the unemployment well below the national average, there remains one dark and ominous cloud on the horizon – Trump’s proposed tax plan.

As Trump continues to threaten the passage of a tax bill that could disincentivize American homeownership, Washington County’s pending sales have lost a step in recent months.

Southern Utah – fast real estate facts: Over the last 30 days, Washington County’s real estate inventory is up, the ‘Active Average List Price’ is down, our ‘Absorption Rate’ hovers just below 3.5 months worth of inventory, and the total ‘Days on Market’ (how long a home is listed for before it sells) increased during the month of October.

Today’s Southern Utah Open House Statistics

Washington County Open House Statistics: Weekend of November 4, 2017

Average List Price $354,950 or $136 per sqft

Median List Price $346,500 or $143 per sqft

Low List Price $202,000 or $87 per sqft

About Quail Cove

Scenic, secluded, and nestled among the vermillion bluffs of Snow Canyon State Park, Quail Cove has a lot to offer its residents. Centrally located near the Tuacahn Amphitheater and downtown Ivins, the Red Mountain Spa is just a few short minutes away from the Quail Cove subdivision. The best of both worlds, Quail Cove offers its residents a close proximity to healthcare and shopping while maintaining an inspirational connection to our southwestern roots.

Saint George Open House Directory

Open today for your viewing pleasure in southern Utah, the following 14 listings are collectively valued at more than $4,969,300.

Sold in southern Utah over the past seven days, 56 single-family residential listings totaling just over $19 million.

Selling Homes in Meadow Valley, Stone Cliff, The Palisades, Cobblestone Fields, Castle Rock, the French Quarter and more … those listings with a ‘Median’ list price spent an average of only 17 Days On Market (DOM).

It’s Monday, May 29, 2017 – Memorial Day – and it’s time to gain a little insight on those real estate listings recently sold in southern Utah. Still well above our seasonal average and selling for close to their original List Price per Sq. Ft., sold listings spent a varied amount of time (obviously) on the MLS last week.

Southern Utah Weekly Real Estate Statistics

Weekly Real Estate Statistics For Listings Sold in Southern Utah

Homes sold in southern Utah in the ‘Median’ price range since May 22 had an average list price per square foot of $151 – spending approximately 17 Collective Days on Market (CDOM). Selling for approximately $152 per square foot, last week’s median priced housing listed and sold in the mid $300,000 range. Broken down by their respective CDOM we see 36 of last week’s closed occurring in less than 30 days; 8 taking less than 60, and 3 closed escrow in under 90 days. Taking the most time, 6 real estate listings sold in southern Utah since last Monday were on the market for more than 121 days.

Sold in southern Utah for $19,269,384, Washington County Realtors were nearly successful – off by only $288,004 – in achieving last week’s MLS asking price of $19,557,388 for the 56 closed escrows.

The above information is presented as a courtesy of Alex Yeager @ 435MLS.com. Your Southern Utah real estate expert for St. George and its surrounding communities. Specializing in Southern Utah luxury real estate, new construction, gated communities and southern Utah’s many golf communities.

According to Market Statistics, Southern Utah’s inventory is down and prices are up. It Saturday, April 1, 2017 and here is your March real estate report for the greater St. George area.

The southern Utah real estate market’s Absorption Rate for the greater St. George area is at a brand-new low, according to new data provided by the Washington County Board of Realtors. The lack of inventory combined with the concern over looming interest rate hikes has driven existing inventory down by double digits on a year-over-year basis. With the average Days on Market holding steady since the beginning of the year and the Sold to List Ratio spiking dramatically during March 2017, it’s safe to say the increase in the Average List Price hasn’t scared today’s buyer away.

Southern Utah’s real estate market Absorption Rate, measured in months, has declined 30.22% on a year-over-year basis. At just 3.44 for the month of March, that Absorption Rate number represents how many months before Washington County would run out of listings – provided no new listings were taken. Obviously, that won’t happen. However, following the law of supply and demand, the lack of inventory has definitely led to a spike in appreciation for southern Utah homeowners.

The Median List Price for a home in the southern Utah real estate market for March 2017 was $343,999. Up 9.22% from March 2016, when the median list price was $314,950 – this nearly 10% uptick underscores strong self-confidence. Though wanting and getting are two different things (Read:” List Price”), the Average Sale Price in Washington County increased by more than 10% since this time last year.

The Average Sale Price for a home in the southern Utah real estate market for March 2017 was $295,537. A solid 11.72% increase over March 2016, when the average sales price was $264,539, this double-digit growth is nothing compared to what happened to those homes listed just under $1 million in southern Utah. Spiking 166.7% for March, Washington County real estate listings between $750,000 and $999,999 are up 128.6% on a year-over-year basis.

From the Palisades near Snow Canyon to Stucki Farms in Washington Fields, Realtors around southern Utah are preparing for their Saturday morning Open House. As of 6 AM, there are currently nine real estate listings scheduled as “Open” according to the Washington County Board of Realtors FlexMLS system.

It’s Saturday, December 10, 2016, and with just 14 shopping days left before Christmas, Southern Utah’s real estate market remains incredibly healthy and focused on future growth and potential inventory issues. Jumping 11% on a year-over-year basis, just over 4200 single-family residential real estate listings have successfully closed escrow in Washington County from January 1 to November 30. With the average real estate listing selling in just under three months for just under $271,000, Vardell Curtis believes there is a looming inventory issue on the horizon, according to The Spectrum.

“Our inventory levels are down 25 percent from the same time a year ago,” Curtis said. “I would say inventory between $150,000 and $250,000 is almost non-existent out there.”

Agreed.

And with that said, today’s Southern Utah Open House Directory has three available properties between $239,000 and $259,500. From the beautiful Bloomington Country Club area of St. George – a neighborhood known for its mature trees and larger lots – to the equestrian friendly neighborhood of Stucki Farms, today’s St. George open house inventory offers something for everyone.

The Palisades

The Palisades

Embraced by the Crimson Cliffs of the Snow Canyon corridor and surrounded by some of Southern Utah’s most desirable guard gated communities, The Palisades PUD provide its resident’s world-class amenities at down-to-earth prices. Providing oversized lots, inspired views, and an active lifestyle, residents of The Palisades will enjoy a lifetime of breathtaking vistas of the surrounding red rock plateaus, stunning southwestern Sunsets and its close proximity to St. George’s Tuacahn Amphitheater. Also conveniently close to some of Southern Utah’s best walking, hiking, and biking paths, this master planned subdivision is just a few short minutes from downtown St. George.

The above information is presented as a courtesy of Alex Yeager @ 435MLS.com: Your southern Utah real estate expert for St. George and its surrounding communities. Specializing in southern Utah luxury real estate, new construction, gated communities and southern Utah’s many golf communities.

Dropping by 13 completed transactions on a week over week basis, 38 single-family residential listings and/or condominiums successfully closed escrow in Southern Utah since last Monday. And closing escrow just 10 short days after being listed, a golf home in the Monterey at Stonebridge subdivision successfully closed for just $181.91 per square foot.

Finally back to normal in the Beehive State, this past week we witnessed Donald J Trump become President-elect, Utah’s gas prices get ranked as some of the highest in the nation … as a NASA satellite exposed Utah’s Great Salt Lake as a rapidly diminishing resource. Depressing for some and exciting for others, that was emotionally exhausting week for all.

Sold St. George Real Estate

As for real estate sales in Washington County, it was a relatively quiet week. Between the general election and the upcoming holidays, last week’s 38-closed escrows ranged from $765,000 on the high-end to $118,000 on the low-end. Coming in at number four, a recently sold listing within the Monterey at Stonebridge PUD successfully closed escrow for $500,000, after being listed for only 10 short days.

Monterey at Stonebridge

Monterey at Stonebridge

Monterey at Stonebridge is located along the Santa Clara River and adjacent to the Blackrock course at Sunbrook GC. This affordably chic golf course community has wonderful amenities with inexpensive monthly HOA (homeowners Association) dues, currently $200 a month. Understanding that real estate is all about “location, location, location” – this recently sold golf home closed escrow for $175,000 more than a recently sold comparable off the golf course, in the same subdivision.

Bewildered, drained, and anxious to get the 2016 general election behind us, tomorrow thankfully ends one nightmare while potentially unleashing another. Regardless of the outcome, 2016 has been a great year for the St. George economy. As Washington County prepares to say goodbye to 2016 and looks forward to the many exciting events scheduled for 2017, the St. George Area Parade of Homes will kick off this year’s scheduled activities in southern Utah.

Sold St. George Real Estate

In examining the WCBR (Washington County Board of Realtors) Flex MLS system we see the priciest sale last week occurring in Santa Clara, Utah within the subdivision of Paradise Village at Zion. Briefly summarizing last week’s closed escrows for southern Utah, there were 5 closed escrow between $801,000 – $550,000, 10 closed escrows between $538,131.32 – $339,000, and 36 closed escrow’s successfully occurring between $329,000 and $85,000.

Paradise Village @ Zion

Paradise Village at Zion

Ideally located in the relaxed community of Santa Clara, Utah, Paradise Village at Zion is a vacation rental community that offers three different tiers of residential living; townhome/condominiums, single-family residential housing, and executive residential models.